Foster River Project, Saskatchewan - Anomalous Mobile Metal Ions (MMI-M)
Soil Geochemical Anomalies Identified Along a Four Kilometer Grid
WINNIPEG, April 24 /CNW/ - Wildcat Exploration Ltd. (WEL - TSX.V).
The company is pleased to announce the results of a large Mobile Metal
Ions (MMI) soil geochemical survey undertaken on the Foster River Zn-Pb-Ag
property, 120 km north of La Ronge, Saskatchewan, Canada, in 2006. This survey
documented the presence of high-contrast multi-element and multi-sample, base
and precious metal anomalies.
The anomalies comprise Pb, Zn and Ag with maximum concentrations of
88,000 ppb (or 2528 times background), 8,750 ppb (or 875 times background) and
351 ppb (or 702 times background). These highly anomalous results are
persistent and extensive. For Ag, a total of 50 samples or 5.2% of the total
sample population have responses greater than 25 ppb signifying a strongly
elevated anomaly. Comparable results for Pb (37 samples or 4% of the total
population have responses greater than 1700 ppb) and for Zn (44 samples or 5%
of total population have responses greater than 500 ppb) were obtained and
signify a large anomalous response for these elements. Anomalies occur in both
areas of known mineralization and areas that received minimal exploration over
a 4.8 kilometer strike length.
A sample spacing of 25 meters along 100 meter spaced lines was determined
adequate to determine significant base metal responses for the soil survey. A
total of 1,094 samples were collected from the grid.
The Pb-Zn-Ag anomalies attain widths of up to 150 m and form coincident
anomalous responses on the survey grid. This element assemblage is interpreted
to be significant in terms of the Broken Hill-type of sediment-hosted base and
precious metal mineralization documented from the property.
The report and data were received April 20, 2007 and the results are
currently being integrated with Wildcat's geophysical and geological database.
"The strong results using this technique add another significant level of
information to our understanding of the potential size of this project."
commented Jerrold Siemens, President and CEO. "Coupled with the ongoing
success of our activities in the Rice Lake Mineral Belt on the Jeep
Au-Cu-Ni-PGE Project, we are committed to make this year a success for all
The design, implementation, sample collection and interpretation of the
MMI surveys in 2006 was undertaken by Mount Morgan Resources Ltd. Soil samples
were analyzed in the laboratories of SGS Mineral Services (Toronto, Ontario).
All technical information in this release has been reviewed by Tim Tuba,
P.Geo. as the Qualified Person on behalf of Wildcat.
Wildcat is a Winnipeg-based mineral exploration company actively
exploring for gold and base metals in Canada. For further information on the
Company please visit our website at www.wildcat.ca or contact us at
On behalf of the Board
Interim President and CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
This news release may contain forward-looking statements based on some
assumptions and judgments regarding future events or results. Such statements
are subject to a variety of risks and uncertainties which could cause actual
events or results to differ from those reflected in the forward-looking
statements. The Company disclaims any intention or obligation to revise or
update such statements.
For further information:
For further information: Wildcat Exploration Ltd., Jerrold Siemens,
President and CEO, e-mail: firstname.lastname@example.org, Unit 203-1780 Wellington
Avenue, Winnipeg, Manitoba, R3H 1B3, Phone: (204) 944-8916